Trump strikes 'biggest deal ever made' with EU: Europeans will pay $1.6T, accept 15% tariffs after meeting with president | 27 July 2025 | It took just 75 minutes for President Trump to get what he wanted out of the European Union. That's how long he and European Commission President Ursula von der Leyen were away from the cameras. When they returned, Trump was triumphant. Europe agreed to buy $750 billion in American energy products, invest $600 billion in new money in the U.S. and purchase additional U.S. military equipment, according to the terms of the preliminary agreement. Tariffs on many American exports will drop to zero. Duties on most European goods coming into the U.S. rise to 15%.